This step forms part of a broader restructuring plan adopted by Digitus to enhance its capital structure and establish a stronger foundation for its next phase of growth. The KWD 6 million capital increase, raising total share capital to KWD 10.7 million, marks the beginning of a new chapter focused on operational sustainability, disciplined expansion, and scalable long-term growth.
Kamco Invest played a prominent role in the company’s financial restructuring, most recently acting as Issuance Manager and Subscription Agent for the capital increase, which was successfully completed through the issuance of 60 million shares at a price of 100 fils per share, for a total offering size of KWD 6 million. Total demand exceeded 21 times the shares offered, reaching more than 1.27 billion shares, with an aggregate value exceeding KWD 127 million.
This strong demand reflects shareholders’ and investors’ confidence in the company’s future plans and provides the necessary resources to execute its strategies and accelerate the growth of its projects, while enhancing its readiness to capture high-quality opportunities in the rapidly growing digital infrastructure sector across the region.
Digitus continues to implement its strategy to solidify its position as a fully integrated regional digital infrastructure platform in the GCC, through the development, ownership, and operation of hyperscale data centers designed to support the rapid growth of cloud services and artificial intelligence applications.
The company has built an integrated operating model covering the entire value chain, starting with the development and ownership of data center assets through Digitus DC, project execution through TeraScaleDC, and operations and maintenance via Digitus DC O&M, in addition to connectivity infrastructure through Digitus Connect, which includes fiber optic networks, telecom towers, subsea cables, and landing stations. The company also provides complementary solutions including data transfer, cybersecurity, and enabling customers to accelerate cloud capacity consumption. This integrated model enables Digitus to offer a scalable platform that allows global cloud service providers to deploy and operate efficiently within a robust governance framework and disciplined capital efficiency structure.
The company’s key contracts further demonstrate the strength of its business model. Digitus signed a contract with Nokia in the Kingdom of Saudi Arabia within the scope of telecom site and station development works. It also secured its first data center project for Google in the State of Kuwait through its subsidiary to develop a large-scale facility in accordance with international standards, marking a strategic milestone in the company’s journey and reinforcing its position in the data center sector.
On this occasion, Mr. Bader Fahed Al-Rezaihan, Vice Chairman and Chief Executive Officer of Digitus Group, stated: “The 21x subscription coverage of the capital increase reflects investors’ confidence in the strength of Digitus Group’s business model and in the integrated regional platform we have built over the past years. Today, we have transitioned into a new phase of growth based on strategic assets, global partnerships, and an integrated operating model that provides us with a clear competitive advantage in the digital infrastructure market.
The successful capital increase strengthens our financial position and supports our disciplined expansion plans in data center projects and digital infrastructure supporting the digital economy, including cloud computing solutions and artificial intelligence applications.”
Mr. Bader also extended his sincere appreciation to Kamco Invest for its professional management of the capital restructuring and capital increase process, which contributed to achieving this exceptional milestone.
For his part, Mr. Abdullah Mohammed AlSharekh, Managing Director of Markets & Investment Banking at Kamco Invest, stated: “We at Kamco Invest are proud to be part of the success of Digitus’ capital restructuring and capital increase, which reflect the robustness of the company’s business model and the efficiency and expertise of its management team. We extend our sincere gratitude and appreciation to the Board of Directors and executive management of Digitus for the trust they placed in us and for the constructive collaboration that enabled the efficient and smooth execution of this transaction. We reaffirm our strong commitment to supporting national companies in implementing their strategies and achieving their growth and expansion ambitions, leveraging our deep capital markets expertise and proven track record in executing transactions with the highest levels of professionalism, creating sustainable value for all stakeholders.”
It is worth noting that Digitus, formerly known as Hayat Communications Company K.S.C.P., has undergone a comprehensive strategic transformation following its acquisition by a new shareholder group. Since then, the company has repositioned its business model to operate as a fully integrated digital infrastructure platform across the region, encompassing telecommunications networks, fiber optics infrastructure, data centers, and associated IT systems and solutions. This evolution has firmly established Digitus as a trusted technology partner supporting digital transformation initiatives.